WNC HOUSING TAX CREDIT FUND V LP SERIES 4

CIK:0000943906|SEC Filings

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Operating income:
Distribution income	$ 0	$ 0	$ 0	$ 9,290
Total operating income	0	0	0	9,290
Operating expenses and loss:
Asset management fees (Note 3)	572	3,840	2,131	9,521
Legal and accounting fees	26,707	26,790	33,864	31,666
Write off of other assets	1,100	0	1,100	3,281
Other	14,277	5,593	15,844	6,250
Total operating expenses	42,656	36,223	52,939	50,718
Loss from operations	(42,656)	(36,233)	(52,939)	(41,428)
Gain (loss) on sale of Local Limited Partnerships (Note 1)	(1,700)	1,134	176,000	1,134
Interest income	499	158	1,148	313
Net income (loss)	(43,857)	(34,931)	124,209	(39,981)
Net income (loss) allocated to:
General Partner	(439)	(350)	1,242	(400)
Limited Partners	$ (43,418)	$ (34,581)	$ 122,967	$ (39,581)
Net income (loss) per Partnership Unit	$ (2)	$ (2)	$ 6	$ (2)
Outstanding weighted Partnership Units	21,687	21,810	21,687	21,810

Condensed Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income (loss)	$ 124,209	$ (39,981)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
(Increase) decrease in other assets	(470)	20,955
Increase (decrease) in accrued fees and expenses due to General Partner and affiliates	40,491	(20,581)
Gain (loss) on sale of Local Limited Partnerships	(176,000)	(1,134)
Net cash used in operating activities	(11,770)	(40,741)
Cash flows from in investing activities:
Net proceeds from sale of Local Limited Partnerships	176,000	1,134
Prepaid disposition proceeds	0	30,000
Net cash provided by investing activities	176,000	31,134
Cash flows from financing activities:
Net increase (decrease) in cash and cash equivalents	164,230	(9,607)
Cash, beginning of period	1,305,542	1,254,665
Cash, end of period	1,469,772	1,245,058
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Taxes paid	$ 0	$ 0

Condensed Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2015	Mar. 31, 2015
ASSETS
Cash	$ 1,469,772	$ 1,305,542
Other assets	1,570	1,100
Advances to Local Limited Partnerships (Note 4)	0	0
Investments in Local Limited Partnerships, net (Note 2)	0	0
Total Assets	1,471,342	1,306,642
Liabilities:
Accrued fees and advances due to General Partner and affiliates (Note 3)	52,813	12,322
Prepaid disposition proceeds	30,000	30,000
Total Liabilities	82,813	42,322
Partners' Equity (Deficit)
General Partner	(670,937)	(672,179)
Limited Partners (25,000 Partnership Units authorized; 21,687 and 21,810 Partnership Units, respectively, issued and outstanding)	2,059,466	1,936,499
Total Partners' Equity (Deficit)	1,388,529	1,264,320
Total Liabilities and Partners' Equity (Deficit)	$ 1,471,342	$ 1,306,642